Description
Price improvement!!! this low-maintenance investment opportunity awaits in this high-performing, three-story mixed-use building. The entire property underwent a comprehensive, top-to-bottom remodel in 2024, offering modern systems, contemporary finishes, and peace of mind regarding future capital expenditures. Fully structured for steady cash flow, the building features a high-visibility ground-floor commercial storefront and two fully occupied, updated residential units above.-The Main Floor (Commercial Space): Boasting high visibility and excellent foot traffic, this versatile retail storefront was refreshed in 2024. Complete with a desk area, high ceilings, new flooring, and a dedicated half-bath, it is an ideal turnkey space for a boutique, office, or specialty shop.-The Second Floor (Apartment 1): Remodeled in 2024 with modern flooring, updated kitchen cabinetry, stainless steel appliances, and a totally remodeled bathroom. This spacious 2-bedroom, 1-bathroom unit is currently occupied and generating $1,450/month.- The Third Floor (Apartment 2): Positioned on the top floor for maximum quiet, this second 2-bedroom, 1-bathroom unit features the same beautiful 2024 upgrades as the second floor, paired with elevated neighborhood views. It is currently occupied and generating $1,350/month.- Full, unfinished basement maintained in very good condition. All utility meters are conveniently separated by individual unit. Additionally, this expansive space is ideal for use as inventory or general storage for the ground-floor retail space.
Details
| MLS # | DENC2103046 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1899 |
| Days On Site | 141 |
| Listing Provided By | KW Empower | Cristina Di Munno-Borla |
Features
| Basement | Y |
|---|---|
| Units | 3 |
| Zoning | 26R-3 |
| Acreage | 0.03 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump - Gas Back Up |
| Interior Features | Upgraded Countertops |
| Appliances | Oven - Single, Refrigerator |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Shingle |
| Construction Materials | Brick, Brick Front |
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Natural Gas Available, Electric Available, Sewer Available |
|---|
Taxes
| Tax Annual Amount | 5607 |
|---|
Area Information
| State | DE |
|---|---|
| County | NEW CASTLE DE |
| City | WILMINGTON |
| Zip Code | 19805 |
| Area | Wilmington (30906) |
| School District | RED CLAY CONSOLIDATED |
| Elementary School | LEWIS |
| High School | MCKEAN |
| Listing VS Median (in 19805) | |
Price: $365,000 low | high Med: $219,950 On site: 141 low | high Med: 11 | |
Market Activity 19805
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Learn More About This Property
| State | DE |
|---|---|
| County | NEW CASTLE DE |
| City | WILMINGTON |
| Zip Code | 19805 |
| Area | Wilmington (30906) |
| School District | RED CLAY CONSOLIDATED |
| Elementary School | LEWIS |
| High School | MCKEAN |
| Listing VS Median (in 19805) | |
Price: $365,000 low | high Med: $219,950 On site: 141 low | high Med: 11 | |
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